TRADOOR jumped +13%! The price is at $1.793, breaking all moving averages. The trend is screaming bullish!
But watch out! The Stochastic RSI is in overbought territory at 76.9! The RSI(7) is at 70! This rally is hot and could cool down quickly.
Critical levels:
➡️ Resistance: $1.855 (24-hour high)
⬅️ Support: $1.718 then $1.693 (EMA levels)
My plan: I won't chase the rally here! The risk of a bullish trap is high. I'm waiting for a pullback to the $1.71-$1.69 area to buy the dip in preparation for the next jump towards $1.85+.
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If you're in a long position, tighten your stop-loss! The currency wants to rise but needs to catch its breath.
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